Business

Market Rally Sends Very Bearish Signal; 5 Stocks To Watch

Market Rally Sends Very Bearish Signal; 5 Stocks To Watch

Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered sharp losses Tuesday, with the Nasdaq and S&P 500 breaking below a key level. X Economic reports revived recession and inflation fears. A report of Intel (INTC) chip price cuts due to PC weakness slammed Intel …

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FDA advisers recommend updating COVID booster shots for fall

FDA advisers recommend updating COVID booster shots for fall

At least some U.S. adults may get updated COVID-19 shots this fall, as government advisers voted Tuesday that it’s time to tweak booster doses to better match the most recent virus variants. Advisers to the Food and Drug Administration wrestled with how to modify doses now when there’s no way to know how the rapidly …

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Daily Harvest sued over illness linked to lentils, but cause remains a medical mystery

Daily Harvest sued over illness linked to lentils, but cause remains a medical mystery

Problems continue to mount for Daily Harvest, a popular vegan food company that ships directly to customers. On Monday, an Oklahoma woman, Carol Ann Ready, sued the company, alleging she was hospitalized after eating its “French Lentil + Leek Crumbles” and had to get her gallbladder removed. At least 470 people have reported illnesses after …

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Vaccine Stocks Skid Despite FDA Experts' Nod For Omicron Shots

Vaccine Stocks Skid Despite FDA Experts’ Nod For Omicron Shots

A split Food and Drug Administration voted Tuesday to recommend including an omicron-fighting component in updated Covid boosters this fall. But vaccine stocks tumbled. X The Vaccines and Related Biological Products Advisory Committee voted 19-2 in support of omicron-targeted booster shots. This puts the FDA on the path to authorizing updated vaccines in time for …

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Tracking an FDA advisory panel meeting on updating Covid vaccines

Tracking an FDA advisory panel meeting on updating Covid vaccines

Meetings of the Food and Drug Administration’s vaccines advisory committee are never dull affairs. Drenched in data, maybe, but never dull. And Tuesday’s meeting of the Vaccines and Related Biological Products Advisory Committee promises to hew to that tradition as the independent vaccine experts are asked to debate whether it is time to update Covid-19 …

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Inflation saps U.S. consumer confidence; house prices remain elevated

Inflation saps U.S. consumer confidence; house prices remain elevated

Consumer confidence index falls 4.5 points to 98.7 in June Goods trade deficit falls 2.2% to $104.3 bln in May Exports increase 1.2%; imports dip 0.1% Wholesale inventories rise 2.0; retail stocks up 1.1% House prices increase in April, but pace slowing WASHINGTON, June 28 (Reuters) – U.S. consumer confidence dropped to a 16-month low …

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Analysts accuse Bed Bath & Beyond of turning off AC in stores to save money as sales plummet | CNN Business

Analysts accuse Bed Bath & Beyond of turning off AC in stores to save money as sales plummet | CNN Business

New York CNN Business  —  Retailers typically want their sales numbers to be red hot, not their customers. But Bed Bath & Beyond (BBBY) is reportedly dealing with cooled momentum and heated customers at its stores. A new report from Bank of America claims that the company has cut air conditioning in an effort to …

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Stocks, oil higher as China relaxes quarantine rules By Reuters

Stocks, oil higher as China relaxes quarantine rules By Reuters

2/2 © Reuters. FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon 2/2 By Samuel Indyk LONDON (Reuters) – Global shares were higher on Tuesday while oil prices …

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'I've never experienced pain like that': Influencers recount harrowing experiences with Daily Harvest crumbles, blast company's handling of recall

‘I’ve never experienced pain like that’: Influencers recount harrowing experiences with Daily Harvest crumbles, blast company’s handling of recall

The direct-to-consumer brand has long utilized a network of online influencers to promote its products. Now several influencers, who say they were sickened, say the company’s lackluster handling of the crisis is putting new responsibility on the influencer community to warn the public. It’s also exposing the swift fallout that can emerge when you aggrieve …

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